Latest Investors News – Page 562
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Swiss investor seeks exposure to Chinese market
IPE QUEST – A Swiss institutional investor is seeking to award a $500m (€367m) real estate mandate to managers specialising in the Chinese market, using IPE Quest.
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Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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Virginia makes $150m commitment to CIM urban fund
GLOBAL - Virginia Retirement System has approved a $150m (€113.8m) commitment to the CIM VI Urban REIT Fund. Pension fund officials stated that this commitment will be funded over the next four and a half years.
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JP Morgan acquires its own London offices for more than €1bn
UK – Investment bank JP Morgan has taken ownership of 25 Bank Street in Canary Wharf, which will become its new European headquarters in 2012, and another London office housing its treasury and securities services division for close to £850m (€1.01bn).
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Amplion buys Varma portfolio for Finnish institutions
FINLAND – Amplion Asset Management Oy has acquired a €100m real estate portfolio from Varma Mutual Pension Insurance Company on behalf of a number of Finnish institutional investors.
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ING Clarion buys DC area apartment building for €90m
GLOBAL - ING Clarion Partners has paid $118.5m (€90.1m) to acquire the 300-unit Millennium at Metropolitan Park in Arlington, Virginia.
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INREV: Positive capital growth returns to continental Europe
EUROPE – The European Association for Investors in Non-listed Real Estate Vehicles (INREV) has measured positive capital growth across the continental European property markets for the first time since 2007.
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Two JPMorgan Asset Management funds in €657m London office deal
UK – JPMorgan Asset Management (JPMAM) has acquired Bishops Square in London for £557m (€657m) for two of its institutional funds, highlighting continued demand for prime real estate in the capital.
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BT Pension Scheme lands Heathrow industrial estates
UK – The BT Pension Scheme has acquired an industrial real estate portfolio near Heathrow airport for £79.25m (€93.8m) from European developer SEGRO.
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Morgan Stanley opportunity fund extends debt lifeline to hotel owner
EUROPE – A global opportunity fund run by Morgan Stanley Real Estate Investing has provided €150m in mezzanine financing to BRE/Hospitality Europe Holding, an owner of a European hotel portfolio.
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HOOPP makes first direct purchase outside Canada
GLOBAL – The Healthcare of Ontario Pension Plan (HOOPP) has made its first direct real estate investment outside Canada by acquiring a 50% stake in the Crown Estate's St James's Gateway development in London.
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AREA Property Partners buys Chicago area hotels for $51m
GLOBAL – AREA Property Partners has closed on its first hotel purchases of the year with the acquisition of three Chicago area properties for $51m (€38.6m).
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Lend Lease provides PGGM with direct infrastructure exposure
EUROPE – Dutch pension fund asset manager PGGM has committed £220m (€262m) in capital to become the principal investor in a joint venture with Lend Lease targeting social infrastructure in the UK.
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AP1 real estate company to invest €770m in property
SWEDEN – Första AP-fonden (AP1), Sweden's first national buffer fund, has created a new real estate company and will acquire more than SEK7bn (€767m) in domestic property assets.
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Invesco begins US acquisition trail for German investors
GLOBAL – Invesco Real Estate has made its first acquisitions in the US for German institutional investors in its MEAG US Immobilien Fonds IV.
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PGGM commits €57m to Chinese real estate joint venture
GLOBAL – A joint venture between UBS Global Asset Management and Gemdale Corporation has completed a second successful closing after Dutch investor PGGM agreed to commit as much as $75m (€56.6m) to Chinese real estate.
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Rothschild Realty Managers invests $200m in Welsh Property Trust
GLOBAL – Rothschild Realty Managers has invested $200m (€149.4m) into Welsh Property Trust, made through Rothschild's commingled fund, Five Arrows Realty Securities V.
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Iowa PERS on the lookout for domestic REIT manager
GLOBAL – The Iowa Public Employees Retirement System has approved a request for proposal (RFP) for a new domestic REIT manager, allocating approximately $150m (€113m) for the search.
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Ohio PERS directs capital to local opportunities
UNITED STATES – Ohio Public Employees Retirement System is investing $250m (€187m) in local real estate investment opportunities as part of its so-called Grow Ohio programme.
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Chinese investors avoid spotlight in global expansion
GLOBAL – Chinese investors are targeting real estate funds as they switch their attention from domestic urban residential investments to strategic assets in advanced economies.
